Isda calls for entity-based reporting to cut costs

The International Swaps and Derivatives
Association (Isda) has recommended an entity-based approach to
derivatives trade reporting in a bid to cut costs and
complexity for end users.

Amid a raft of initiatives announced at
the body's 31st annual general meeting in Tokyo, in a new
paper, Isda has said that global adoption of an entity-based
reporting framework - in which sole responsibility for
reporting is assigned to one counterparty via an automated
hierarchy process -would help promote greater consistency,
improvements in data quality, and reduce costs.